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tv   MONEY With Melissa Francis  FOX Business  December 20, 2013 5:00pm-6:01pm EST

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economists expect a drop of 30,000 to 349,000. this week's figures disappointed wall street when they showed a rise in claims. liz: we hope you have a lovely and safe weekend. david: "money" with melissa -- melissa: a major 11th hour change to obamacare, now exemptions are being made that could affect health care and the bottom line for millions of americans. what exactly does this mean for you? because even when they say it's not, it is always about money. melissa: last-second switch on obamacare. now millions won't have to pay penalties and can buy catastrophic coverage if they're facing cancellations. if you're confused, you're not alone, we have got every angle covered for you, from what it means for you and your money to the effect on the administration
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to the legal impact. stan is a former health care executive. byron york with the "washington examiner" and fox news contributor. we have seth, a constitutional lawyer. stan, i want to start with you. what does it mean for people at home if they wonder they have to sign up, what do they have to do? give me the practical aspect of it. >> i think the practical aspect of it is confusion. confusion on two fronts. number one, am i exempt or not. if i had coverage am i exempt, and if i had coverage and premium got raised am i exempt. did my insurance company change the policy. melissa: stan, you're supposed to be here to give us answers. what is the answer? >> answer is pay attention and obviously read everything you get. most of us don't really know what's in our insurance plans until we have to use them. we show up at a doctors office or the e.r. that is for the first time we find out how good our coverage is. melissa: yeah. >> nobody is going to really
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know. melissa: stan, i mean my mother-in-law got a notice in the mail. her policy got canceled. what is she supposed to do now? is she exempt, is she not, how does she figure it out? >> you have obviously to pay attention to shows like yours. you have to read what the insurance companies send to you. you have to look at the paper, but all we're going to have is mass confusion. melissa: does this, i mean, you say it is mass confusion. seems like it just further delays all the instability in the marketplace and everything shaking out. is it actually making the problem worse? a lot of folks would be excited about this but, from what you're saying looks like it makes it sound like it is making it worse? >> i think, you know, we'll repeat this problem one year from now. when supposedly those exemptions run out. and we're back asking the very, very same questions. i see this as a, short term thinking, and that it is going to leave the market very confused. and companies, particularly since this is where i came from,
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provider community very confused. >> yeah. stan, that wasn't terribly helpful but we're glad you were on. thank you. >> thank you. >> thanks for joining us. >> you bet. melissa: let's go to byron york from the "washington examiner." byron, not a lot of clarity as you just heard for individuals and what they have to do and don't have to do as a result of what we heard today. what is your understanding? >> well this is the result of the white house being much more concerned than they are letting on. this has to do, they have basically poke ad hole in the individual mandate. they have always said that is the key. that is the heart of obama care. the whole thing doesn't work without an individual mandate. here they made a rather large exception. that is for a couple of reasons. by far the most unpopular thing about obamacare, if you look at the new "new york times" poll. they asked people about the individual mandate 68% did not approve of it. when they asked people who are
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uninsured, the ones who are supposed to benefit the most, 77% to like the individual mandate. the other thing white house is worried about, democratic defections. obama needs democrats to stay on its side. this hh announced was after six democratic senator, warner, kaine, king, shaheen, and hide camp expressed doubts about this. they had many constituents upset about having their policies canceled. this has huge political possibilities and. melissa: lindsey graham said this is the end of the individual mandate. that is something you touched upon. do you agree with that? >> certainly there is going to be problems with it. if you look at democrats and liberal wonks, who the strongest supporters of obamacare, what they're terrified about is, if you made one exception to the individual mandate, you can make more.
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and they're worried about there being continuing exceptions made to the this individual mandate. each one of them, weakening obamacare, messing with the price structure of insurance policies, making things much more expensive for the people who are insured. remember, back in the shutdown fight republicans after they lost the whole defund move for obamacare, they asked for a one-year delay of the individual mandate and democrats said, absolutely no. this can not be done. well now, they're worried that the administration is worried they might be delaying it in parts kind of like republicans said. melissa: the whole point, you need those individual in order to pay for the really expensive, high-risk people that have already entered the pool. >> right. melissa: in the meantime while these individuals are opting out, who is paying for the people that use a ton of service that is are really expensive that already went in and signed up and are thrilled? >> well there are two things to think about. one, a lot of people will be paying higher premiums. they will have much higher
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deductibles. they will have narrower doctor networks. they pay for it that way. there is something else to think about. there is this thing called risk corridors which is a feature of obamacare that basically allows the federal government using taxpayer dollars to subsidize the insurance companies for losses they suffer as a result of the effects of obamacare. the first few years. melissa: yeah. >> so you could look at -- melissa: we're paying for it, yeah, the taxpayer is paying for it because there will be a bailout. taxpayers bailing out insurance companies as they incur these huge losses from very sick people that signed up and all healthy people who have not. we'll pay for that. byron, thank you so much. >> thank you. >> for the legal implications i want to bring in seth, a constitutional law attorney. you know, i wonder and i heard a lot of people talking about this today, the legality of this move because it feels like time and again the president is taking the part of the law he likes and throwing away things that he doesn't like and i wasn't sure that, i didn't think he was
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allowed to do that. i mean a law is a law, right? >> well this is turning into a bizarre civics lesson how not to create a law. there's a basic constitutional architecture within which a law is supposed to be created and there was a reference a moment ago to the handful of democratic senator that is wrote the letter to secretary sebelius. now we're in a situation where the law is different depending upon what happens with bureaucrats in washington and we watch the news after we wake up in the morning. that is not the way laws are supposed to be structured. what is happening here today, doesn't work as a matter of law because it is unconstitutional. it doesn't follow the appropriate framework. it create as constitutional problem. you have a whole room of people who have just been given a pass. they can leave obamacare. they can go out on the street, albeit with some limitations. they can get their own policy that creates a equal protections of law at the moment. there are already huge legal challenges. this opens up another legal nightmare. melissa: will we see lawsuits as a result? will we see court challenges?
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what do you think we'll see? >> you will see court challenges as a result of this based upon the constitutional implications that you've got major problems with regard to equal protection but this is going to feed into case that is are already going on right now. there are major cases in federal court, for example, in washington, d.c. here in washington as well as in virginia and richmond. they are federal cases also chipping away at the individual mandate. there have already been retractions of the employer mandate. now within literally the next four to six weeks there will be major decisions from federal courts and washington and virginia could drop out individual mandates requirements in 2/3 of the exchanges in the united states. this is a big story today. more to come. melissa: seth, thank you so much. >> you bet. melissa: online retailer overstock.com is going to start accepting payment in bitcoin, did you know that? could be the first step for the digital currency to become the future of online shopping. overstock's ceo is here. imagine this, it is christmas day.
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you want to buy a gift for your aunt tilly. it happens. she doesn't want hello kitty. is it okay to regift her something that you got? tweet me and tell me what you think. it is today's "money talker." more "money" coming up. ♪ hmm. mm-hmm. [ engine rev] ♪ [ male announcer ] ohhat fun it is to ride. gethe mercedes-benz on your wish list at the winteevent going on now -- but hurry, the offers end december 31s [ santa ] ho, ho, ho! [ me announcer ] lease the 2014 ml350 or $599 a month at your local mercedes-benz dealer. tdd#: 1-888-852-213434 tjust waiting to be found. tdd#: 1-888-852-2134 at schwab, we're here help tdd#: 1-888-8-852-2134 bring what inspires you d#: 1-888-852-2134 out there... in here. tdd#: 1-888-852-2134 out there, tdd#: 1-888-2-2134 there are stocks on the move.
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melissa: bitcoin has undoubtedly been one of the biggest financial stories of 2013 and now the little currency that could has a big-time shopping partner in its corner. overstock.com plans to become the first major online retail another u.s. to accept bitcoin as payment. it could happen in just a few months. they are way ahead of the curve. is it genius, risky or both? patrick byrne is overstock.com's ceo and chairman. thanks so much for joining us. what is behind, what is behind this decision? >> well, there are two reasons. one is business and one is philosophical. the business reason i thiik there will be a market people want anonymous currency. people are, so i think there is going to be a market. if we're the first major retailer to be selling through bitcoin or selling with bitcoin
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we should be snapping up the market. on the philosophical side, as you folks know i'm a pro-freedom guy and i believe in limited government. sound money is one things you need to limit government. government is always trying to go to expand goes for fiat currency. i'm austrian school guy, austrian economics, we ultimately like gold. for 5,000 years it is growing 2% a year and government mandarins can't create new gold. it is mathally limited rather than physically limited. limited to 21 million units. as the u.s. continues to debase our currency, this will be a more and more viable alternative. melissa: there was a lot in there i have to ask you about. let me start with the practicality of your website accepting bitcoin. how are you going to do it? will you trade it out because it is so volatile, the practicality of it? do you accept payment in bitcoin and convert it right away to
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dollars or how will you manage it? >> great question. there are two approaches. if by the time we're accepting this which we expect in a few months there may be a derivatives market which hedges one's risk from bitcoin back to dollars just like one can do with any other currency, euro or yen to dollars. if that is not available by the time we go live wit, we'll rolling out bitcoin every night, converting into dollars. so there is no fluctuation risk. i don't want to accept any currency risks with bitcoin. melissa: no, but you could make money on the side trading it as you're taking it as a currency. have you hired someone in particular to manage, your bitcoin portfolio as you take payments in it and try to make the most of that? >> we could but we won't. that's not our business. i don't want to be making any directional bets on bitcoin and try to make any money on that. it has either got to be converted into dollars or some way of hedging out the
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fluctuation risk. melissa: okay. you are an outspoken critic of the fed. we can hear that in there, that you don't like the way they're managing our money right now. what offends you the most? >> well, sures, the most important, we laugh at the soviet union for trying to run a society with 23 million prices being set by government mandarins but in our case the most important price our civilization prices the price we discount the future against the present which are interest rates. in our case that prices being set by central planners at a central bank called the federal reserve. it has been around 100 years and we're getting central planning like results and i hope some day we wake up like soviets do get rid of central planning of this key price and let it be market-oriented. melissa: do you think, if you jump this and do it ahead of amazon and other competitors, do you think this gives you an edge? >> yes. there is some fraction of the
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market, albeit tiny now, that prefers to use bitcoin and we'll pretty much have, we'll be the, one-stop shop for them. melissa: you have said thaw think money is too important to leave in the hands of government officials. >> right. melissa: i don't know, do we have that much choice? bitcoin is gaining a lot of traction but it is still a teeny, tiny fraction and there aren't a lot of people that think we could go in a big way over to bitcoin. >> well, it is a chicken and a egg problem. people will not go over because there are not many places you can spend it, many reputable places. as more reputable places take it there is more incentive for people to go over to. >> it interesting. patrick, thanks for coming on. will you get back when you get ready to launch this so we can see how the logistics are working out. >> absolutely, melissa. melissa: merry christmas to you. >> you too.
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melissa: last week ben bernanke led his last fed meeting. his announcement barely caused the market to blink and tom sullivan has reasons why. >> if you want to call it stock market, flynn muched a little bit and went on to a gain of almost 300 points. really? a taper? all they did was a rounding error, cutting their monthly funny money purchases of mortgages from 85 billion down to a paltry 75 billion a month. come on, who is kidding whom? since it was ben bernanke's last meeting he wanted to say for the history books he was the one to cut artificial support of the economy. it has been five years since they brought interest rates down to zero and do you think it boosted economy? exactly. it hasn't done a thing other than devalue our dollar. also this week gallup said a record high response, 72% of us, think big government is the problem. so this shows, we get it. the pinheads in washington think they're fooling us but we're not
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as stupid as they think. they are trying to pretend they are cutting the artificial boost of our economy but people hopefully can see right through them. melissa: be sure to catch "the tom sullivan show" on fox news talk, siriusxm, misdemeanor of your local radio stations every weekday at 3:00 p.m. when it comes to gifting is it better to give than to receive? would it bother you to get a gift that you knew, you knew it was regifted? maybe they left the last card on. tweet me, tell me what you think. a&e is walking a fine line as they deal with the "duck dynasty" controversy. how do they silence the critics without losing their viewers and major sponsors? is there a way to spin the negative publicity into more money? stick around, "piles of money" straight ahead.
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>> great gifts. just got one of those from tim for christmas. [laughter] yes. >> 110 wattley. [laughter] >> no, my tim wattley? >> the same. he sent it as a thank you for my super bowl tickets. >> this is the same one i gave him. he recycled this gift. he is a regifter! connell: look, we're not trying to stress you out, seriously. the holiday shopping clock is ticking down to zero faster than you can bake a fruitcake. if you don't have all your gifts it might be time to resort to drastic measures like regifting. why not take the holiday candle you got from your mother-in-law last year and pass it along to more appreciative recipient? hey, it will save you a few bucks. bad form or totally acceptable? we're breaking it down in
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today's "money talker" with, dr. jeff gardere and jonna spilbor. what do you think, guys? is anyone going to admit to regifting here? what? >> yes. melissa: what did you regift? >> i already regift ad company that i worked for sent me something is charger for an iphone but for an iphone 4. so i can't use it for my iphone 5. i'm giving it to my son. i will regift all my earlier versions of iphones to my kids and guess what? they're happy to have them. melissa: but did you say i got this from someone else? i think the sin in regifting is when you pretent like you bought it. >> you are regifting those gifts? >> absolutely. >> you can not admit to the regifting. >> i'm telling it the way it is. >> as long as it is new. if anybody gives me bottle of merlot. i will gift it to someone else, it is not my brand but someone will enjoy it.
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>> waste not, want not. i won't admit to regifting. melissa: you can admit it. it the reason we're doing this segment, "fox news poll", 73% of people think it is okay to regift. 15% say always. 58% say sometimes. what makes that sometimes? what makes it okay sometimes? >> it is okay when you're not regifting within the circle of people who have given you the gift, right? you can't have an elaine situation where you regift to the person who gave you the gift or someone knows the person who gave you the gift. >> that's true. >> obviously free. got it for free and says this came for free, you can't regift that. >> i really believe -- melissa: it could be embarrassing. >> but i believe it's the thought that counts. the fact that -- >> regift is thoughtless. no, it is thoughtless. >> not at all. melissa: you don't want it, here take this. >> no not at all. not at all. let me tell you -- >> waste not, want not. >> i will admit this to the world. i have over 300 ties.
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i get, maybe not today i will get a compliment on my tie. >> i love it. >> but i get, i get compliments on my ties. you're melting me, stop. i'm getting compliments on my ties all the time. so i'm giving out some of my favorite ties. melissa: your old ties? this is a new low. you're giving out used ties? >> wear them first. they will be worth even more. melissa: our viewers tweeted in, one, larry said avoid anything monogrammed. you should check the ties. maybe sure none have your name on them. otherwise it will be clear, you're not only regifting but regifting a used gift. >> find someone with the same initials. melissa: there you go. looks like you really thought ahead. >> it might be worth more if he has a monogramming on it. melissa: john says okay to regift as long as nobody knows about it. that is whole lying thing. i think what makes regifting a a little cheap and yucky, you didn't go shop and spend money
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but acting like you did. a regift is a lie. >> what is worst, regifting or taking a gift that you received and putting it in the back of your closet forever until next year when you throw it away? >> cost of insincerity. christmas holidays, hanukkah, gifting, all about that sincere idea that you picked out something specifically for that person. so when you regift without admitting that you're regifting you're sort of admitting to insincerity as well. melissa: yes, i think that is true. ivan the k, i don't know what that means, but he tweets all the time. he thinks cash works well regifting. no one says no to cash. >> wouldn't say no. melissa: no one ever says no to cash. >> what about preowned cars? that's a regifting? >> maserati? hand it over. melissa: i think yyu can regift when you have something that you got and you, maybe got too many cookies or too many candies at
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work. someone gave this to me, i'm not going to eat it. would you like it. that is not regift. >> or really beautiful gift. i really can't use this but i thought it would be perfect for you. >> right. that is nice and honest. melissa: everyone you give a tie to this yearrwill know that it came straight out of your closet. >> but they heard it on your show. >> that is why i'm not admitting i'm regifting. oh, i just did. melissa: thanks, guys. is the duck dynasties about to crumble? a&e hit has become big business with millions of branded merchandise. are they about to lose it all? the dollars and cents behind this controversy. "who made money today." his company was a pioneer before the big fall but today shows the rebound could be coming. keep watching. "piles of money" straight ahead. [ male announcer ] e new new york is open.
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people. two hours later was 2 million. so people are not turning away
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because of it. as for short. melissa: it is incredible hypocrisy. they say they are suspending the guy. he is not network right now. then they run a marathon of the show. i mean, will anyone see through that and realize that the holes as mentioned thing is a sham from up here? >> i am a pr man, not as cynical melissa: really? this will be a win-win. even the hillbilly family said these were coor's remarks. they had to do something to appease the audience that they cater to. they did. they suspended. as you say, the show is running. the fifth season is in the can. they did not nuclear op teeseven clear auction him. the dynasty stayed true to their cause. now what to do? a kiss and make up. the meet and resolve, problem and go on.
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>> there is a model. the clutch point will come in march when they start shooting season six. season five debuts mid january. fills in that. few of phil, not? on the bounty hunter said some races stuff and they did their rehiring teeseven rehab on there. you can decide to make rehabing and teaching and not to be so insensitive as part of the plumb line. melissa: wouldn't that be pretty tough? what he says it fits into the core of what a lot of the show stands for. barry and outspoken. born-again. they stand behind him. if free and it is the only way to go on my short that they would agree to that. >> they are under contact. -- contract. they can threaten to walk away.
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we can't imaginn moving forward without phil. well, you guys may not have a choice. >> the other thing -- melissa: you think they're legally bound. >> there really are. there would have to be millions back-to-back acting -- to get out. >> he will be in season six. what they say is, we have met with him. he has agreed that he is not going to -- you will watch what he says publicly, we are not going to a bridle on every is on and never talk about this stuff. they are themselves. they are the hillbillies, white dress, what you want to call them bury their popular. the show will go on. you will go on. in the will make even more money from this program. melissa: they are on the air in part because they say stupid things. this huge controversy over the fact that one guy said stupid things. it is kind of a big dustup over how much -- you have to ask. melissa: and did they come out of this, everyone, way ahead? i think a in the ends up with more of yours?
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>> said the day in the book more viewers. but the key thing to watch here is viral videos show up where he has made previous speeches that were taped on my phones are whenever. you will have said potentially anti-gay things are other entire race things. that could in upgrading a whole new round of controversy, but overall with the reality show, this kind of controversy is good. this did not use any episodes of slurs. >> she should have left the bestiality reference. melissa: let's not talk about what he said, and wanted their way from the "money" of this. what do they have to do for the rehab part of this? am interested. what does it have to look like when they all get back together for a needed seem like they have been sincere in their suspension? i feel like that what they have done so far as a little bit ridiculous. they have not spent any of their own money. you are based on your not even playing.
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>> that is the criticism, but they cannot immediately. we will not abide by these kind of commons. he is suspended. he is in the can obviously, now they meet with them. his family said his remarks were course. he should not have said that. on the show did not talk about this stuff. what they do is get together predicament of the meeting. they say, we believe that he will watch himself publicly. he says, want to thank them for standing by us. melissa: i don't know if you will watch and so publicly. >> but he will be read the makes a lot of money, they make a lot of money. the other thing is, it is five seasons. this show is getting a little bit long a beard. so they needed something. this was the perfect use. melissa: we have to go. thanks. it is mired have been here on "money." teens from all around the world competing with the most advanced humanoid robots to the crown champion of the 2014 defense department robotics challenged. the robots would help humans in responding to national and man
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-- natural and man-made disasters. the winning team wins a $2 million prize. covering the story in south florida. >> hopefully the robots of the future exemplify year. a lot more like c3pl, nice and friendly than the deadly killer robots in the terminator movie. this year is one made by i agency robotic seven pensacola and the florida. you can see that robot, very humanoid. what is about to do is climb the steps of that latter won its time, incredibly impressive. we have also seen the future of robotic pets. a cheetah. this was made by boston dynamic spirit because 25 miles-per-hour on all four legs, galloping down the poor road. there are a specific tasks year, 17 robotic teams from around the %-using their arms and legs to climb ladders, walking, lifting would, walking over piles of debris. robots even driving cars.
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can you believe it? a lot of brainpower is represented. with 2 feet. so we still have a long way to go, but we can start somewhere. >> wrapping up the number one of the challenge. also happens on saturday. in the grand winner takes on rise of $2 million. that's pretty cool. melissa: that is pretty cool.
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they shineven brighter. come to the winter ent and get the merces-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease e 2014 e350 for $579 a month at your local mercedes-benz dealer. ♪ melissa: money has been flying around the world starting out in turkey. an art gallery in istanbul has closed down an exhibition. directors of the spanish artist a state plan some of the work on display actually is fake. the gallery owner says the artwork was acquired from galleries in the u.s. and canada. no word on exactly which pieces are not real. over to russia where oil tycoon has been released from jail.
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once russia's richest man. a russian government source reportedly says release could deflect international complaints about his human rights record just before it host the winter olympics in february. they have to pay a fine of about $1 million for breaking and national law protecting personal data. the spanish government says they do not give users enough information and how it would be used. the latest hit. illegally used personal data. all right. we use the internet every day the search for services. that circs makes up 43% of on an immense riches. get this. less than 10 percent of businesses actually post their information like menus and prices and hours on line.
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how do you capture the critical online presence? my next guest says you can do it in 12 hours or less. what do i do? give me started? >> small business owners feel intimidated by the internet. is this big, awful, difficult thing to do. you can do it in an evening, start after dinner and spend a couple of hours on it and in the morning your business can have a great, great online -- melissa: step one, create your content. three to four high-quality photos. >> you need to gather all the information you need before you get started. during your taxes, your account might not tell you this, but doing your taxes is easy. the hearts -- the haad part is gathering everything in advance. three high-quality photos, your basic an affirmation, name, address, phone number is at the as you wanted to appear in in a copy of the menu of services, prices if you want to post those in your store hours which is really all you need. melissa: and you said you can even put in a video that you
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should with your smart phone. >> bonus points if you can do additional things like a video. it can be as simple as you explaining what your business does and how you're different are better than your competitors melissa: find your followers. >> before you even go it build a website, like to tell people to go and build a profile on social networks like facebook and twitter. the benefits of doing that -- melissa: i don't know. talking about doing in tolars are last in the you're telling people they have to go facebook and we. melissa: if you have a facebook or twitter account, you already know how to do it. it is easy. you're creating a page. and it is a place where a lot of your followers probably already hangout. france, existing customers. you can ask them to call you and share your messages. melissa: plan your first month of posts by offering coupons and discuss behind the scenes, insights into your business. that is part of finding your followers. >> absolutely. melissa: like what?
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offer a discount? >> small businesses, sometimes, i don't know what to tweet, what the post. what i recommend is actually finding another business in the same industry is here that might be in a different and just seeing what they do. getting ideas that way. that makes it easier. melissa: i love that. and then you say -- and this is a part the people less geared up. go ahead and build a quick and simple. you say go to an online website builder. >> there are a couple i recommend. overall they have all become a lot better. now you can go to a any website builder. melissa: why are they doing it for free? >> typically what they do is give you the website for free and then they try to up sell you one additional services to make your website better or other ways of advertising and connecting to your customers, but you don't have to pay. melissa: are they generally worthwhile? >> it depends on your business goals. melissa: you say verify, verify, verify.
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>> even if you have a website most people will find information about your business. these of local directories sites, search engines, places like yelp, four square. i run a website of locality which is a search engine. you want to make sure that your information is accurate, up-to-date, and consistent across all channels. it would suck if you built this great website and somebody finds a wrong phone number or the wrong address and you lose a customer that white. melissa: why is this important? it is overwhelming for people trying to run their own small business. >> like you said got 43 percent of all internet searches are people looking for local businesses. this is the way the people of fun , probably the number one way. you would not ignore any other way. you would not not put a sign every door. not have a website, that is kind of crazy. melissa: i'm going to get check out your website. locality. thank you. well, believe it or not, flying saucers of the future of aviation.
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the macy the first two-man saucer in just 18 months. the inventor is here with all of the details. wait until you see this. a flying saucer. my kids are going to go nuts. you never have to my "money" are too many flying saucers. obviously. melissa: in this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimite1.5% cash back on every purchase, everywhere, every single day. so let me ask you... at's in your wallet?
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♪ melissa: it is time for a little fun with "spare change." today we are joined by jack jones, the inventor of the deal bat, a flying saucer that he says is going to be the future of aviation. even though the company is in the beginning stages of creating a full-size version, possibilities are endless for what it can do. i am so excited about this. why do i need a flying saucer?
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>> are you talking to me now? melissa: yes, i am. i am dying for one. tell me all about it. >> besides the fact that it is the coolest machine you're wrong to climb into, it is also one of the safest machines you're ever going to climb into because it is a perfectly blended of wing. your chances of being harmed or damaged with this aircraft is going to be extremely -- melissa: i don't understand the physics of that. why is it so much better to be in around spaceship? >> well, one, it is low drag. it is going to be a low drag airplane and have a lot of lift. now, okay. when you are taking off and landing in a normal to but and winged configuration, would you run the risk of his car wheeling so what i am trying to emphasize to you right now is the safety
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aspect. now, there is the payload aspect which is -- it goes almost off the chart with what you can do with the payload component on this aircraft. you can cram a lot of stuff into this small ring. so if you start thinking in terms of aircraft, in terms of the landing zone that you will be running into, they are getting congested already when they come up to the ramp. every aircraft out there that flies, you might as well have an imaginary ring around it. melissa: this all sounds fantastic, and i am wondering if it has all of these advantages why it has not been done yet. >> that is really interesting. i have seen that -- solve the center of gravity issue on a flying circle. when the united states military visited me a fellow by the name of rick fudge, one of the senior engineers, came to my house and essentially let me up like a christmas tree with regards to
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what i had accomplished. he is the only person i have ever met you understood the importance of the center ready issue with regards to saucers. historically speaking no one has been able to solve it. it is simple. you just pack more wing area for word and lessen the back. melissa: york route finding this. you need to raise 250,000. how close are you? >> well, we are starting. we are several hundred thousand -- not a hundred thousand, but thousands of dollars away. that is one of the reasons we're on this program, to generate money. if you go to in the go-go debt, and just punch it then you will have the opportunity to help us build the world's first flying saucer. will we will do is take that money, $250,000 we are going to go to steve justice right here, the director of the center of the innovations right here in georgia, and we are going to have matching funds.
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melissa: i can't wait. melissa: we have to go. will you keep us posted on your progress? i can't wait. i want to run and a flying saucer. thank you for coming on. >> thank you. melissa: up next, who made "money" today. a big announcement is making him a lot of cash. just when the critics thought he could never survive. we have the answer right after this. i want my flying saucer.o fly i. you never have too much "money." ♪ e cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] dex one rate. simple, flat rate shipping with the reliability of fedex. try align. it's the number one ge recommended probiotic that hel maintain digegeste balance. ♪ stay in the groove with alig
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that. >> here is to make money today. anybody who also blackberry reporting third quarter loss also announcing the five-year manufacturing partnership associated with apple products helped the stock a lot more than 14 points today. the ceo has a whopping 46.1 million shares he made $49?
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record id. mark zuckerberg facebook founder is going to break his own record after making 2.3 billion dollars this year the 29 year-old is on track to bring in 3.$3 billion. his payday comes from exercising 60 million stock options half of what he was granted to thousand five. not tough bad way to close out the year. the offer for 20 something? one craig's last user is looking for someone to go to college for him the requirements are 3.five gpa from the university and you must be mailed. you could make 40 grand after grading plus a bonus and you'll have to worry about been accepted he wants you to fake your way through has already taken care of that.
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so he says. i hope you made money. be sure to set your vcr to watch us. the willis report is next. >> hello. tonight on "the willis report." three days to go before the first obamacare debt by the white house changes the law again we have the latest in customers are screaming mad target is not doing more to help them after a data preach can consumers be made whole? the second busiest shopping day of the season we will tell you where retailers are doing to get you in their store. we are watching out for you. tonight. "the willis report." gerri:

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